Delhi
Delhi is the administrative capital of India, seat of power and hub of trade and commerce. It is one of the fastest growing states in the country. At current prices, the advance estimate of Gross State Domestic Product of Delhi is Rs 7.98 trillion (US$ 108.33 billion) in 2020-21. The state’s GSDP (in Rs.) increased at a CAGR of 7.70% between 2015-16 and 2020-21. The per capita income of Delhi FY 2020-21 stood at INR 3,54,004 at current prices. Delhi’s per capita income is about 2.77 times higher than the national average of 1.27. The contraction in GSDP of Delhi (at current prices) by 3.92 per cent and by 5.68 per cent (at constant prices) during the year 2020-21 is the impact of the pandemic.
The Government of Delhi is committed towards creating a progressive business environment. The new Industrial Policy 2010-21 aims to provide a conducive environment for knowledge-based and hi-tech IT/ITeS industries in Delhi. The State of Delhi is a service-led economy, the policy envisages a host of measures like creation and maintenance of industrial infrastructure, simplification of procedures and creation of appropriate institutions for facilitating industry. Delhi has a well– developed infrastructure with airports, roads, highways and metros connecting Delhi to the National Capital Region as well as other key cities of India.
New Delhi Municipal Council area has been identified to be developed as Smart City. Delhi is well-known as an education, healthcare, trading and tourism hub, some of the other leading sectors in the state include Retail, Hospitality, Banking & Financial Services etc.
Delhi has one of largest share of skilled workforce, making it suitable for knowledge-based economic activities such as IT/ITeS, designing, R&D and financial services. With the availability of skilled manpower, there are numerous investment opportunities in the services sector. Delhi has an attractive real estate market and is a preferred tourist destination. Owing to its location, connectivity and rich cultural history, Delhi has always been a prime tourist attraction of the country. The average daily line utilization of Delhi Metro is 56.61 lakh per day by January 2021.
Delhi is the administrative capital of India, seat of power and hub of trade and commerce. It is one of the fastest growing states in the country. At current prices, the advance estimate of Gross State Domestic Product of Delhi is Rs 7.98 trillion (US$ 108.33 billion) in 2020-21. The state’s GSDP (in Rs.) increased at a CAGR of 7.70% between 2015-16 and 2020-21. The per capita income of Delhi FY 2020-21 stood at INR 3,54,004 at current prices. Delhi’s per capita income is about 2.77 times higher than the national average of 1.27. The contraction in GSDP of Delhi (at current prices) by 3.92 ...